Dow:Bitcoin ratio vs. Dow:Gold ratio

DJI/XAUUSDDJ

Description

⋅ Jun 29, 2018 9:03 PM

More chart wank from me... sorry.

It's interesting Dow:Gold has been a thing for a while now I read. It makes sense I suppose if you think of gold as the safe haven asset and the Dow as the premiere global money machine. Unfortunately trading view only has gold charts going back to the late 60s, so here is a link to a chart dating back to the late 1800s: undervaluedequity.com/wp-content/uploads/2018/05/chart-dow-jones-industrial-average-versus-gold-price-ratio.jpg

Actually the 6month candle on the Dow:Gold looks like it might close as hanging man (weak I'd say), so that ratio might move sideways as happened in the mid 1990s. The Dow:Bitcoin is weekly. I think it's more difficult to say. Maybe an arch as in 2014/15/16? Maybe are shorter retrace as in 2011/13? Maybe something completely different?

The general trend is interesting. Gold is losing to the DJI but Bitcoin has been crushing it. Hope it continues.

Comment

⋅ Sep 1, 2018 10:44 AM

Here's the dow jones to gold ratio with annotations. looks like rising wedge huh?

Comments

Lawrence-Sherif

⋅ Dec 11, 2018 11:26 AM

Great

RealMcafee

⋅ Dec 11, 2018 11:27 AM

@lawregy, more bitcoin correction is likely at some point barring strong dow recovery

Jawnclaude

⋅ Dec 11, 2018 5:16 PM

@barclayjames, I agree with this. Just curious how you back this up. I believe we will see 1200 -1500 btc in the near future.

RealMcafee

⋅ Dec 15, 2018 10:03 AM

@sbosoy, just based on chart channels, averages and ratios. cumulative average for bitcoin is about 1500 now